CEO Remarks Detail Latest Anticipated Revenue Projections and Key
Initiatives to Produce and Distribute Film and Television Content
TORONTO, Sept. 28 /CNW/ - Devine Entertainment Corporation (OTCBB:DVNNF),
capitalizing on the global distribution of award-winning original film and
television content, invites interested investors to read the complete
transcript of the Company's September 26 investor conference call.
During the call, Company President and Chief Executive Officer David
Devine updated investors on Devine's latest revenue and earnings guidance,
which project revenue increases for the first three quarters of calendar 2007
of $5.5 million (Canadian), a 16-fold increase over the same period the
"I'm very happy to say that our focus and our aggressive business plan
has delivered exceptional revenues and compelling shareholder value," Mr.
Devine told investors.
He also detailed the Company's key initiatives to continue growth through
international distribution agreements, and anticipated new productions and
acquisitions to expand Devine's library of film and television content.
"In building the family and children's library over the course of a
number of years, we had a $31 million investment in that library and that
$31 million investment has recouped and all of our 19 children and family
films are now in profit," Mr. Devine said during the call. "That's something
rare in the film business to go 19 out of 19 recouping, successful and
continuing to sell."
To continue the Company's progress, Devine has recently entered the
primetime television drama market, with a new series premiering in November,
entitled "Across the River to Motor City."
Mr. Devine remarked, "This is a testament to our desire to vertically
integrate the company to continue to create, continue produce and continue to
distribute, but evolve past children's and family into primetime and further
evolve into the feature film market."
To read or download a complete transcript of the September 26 conference
call, please visit
About Devine Entertainment
Devine Entertainment Corporation develops, creates, and produces
award-winning television programming and feature films for worldwide
distribution across multiple TV broadcast networks, cable and satellite
networks, DVD and Internet markets. Specializing in cultural and educational
programming as well as prime-time drama and comedy entertainment programming,
the Company's titles have garnered more than 120 international film and
television industry awards, including five Emmy and five Gemini Awards. The
Company partners with leading international distributors, broadcasters and
co-producers, such as Sony BMG, Rogers Media and The Carrere Group of France,
to produce and distribute its award-winning film and television titles.
Among Devine's critically-acclaimed productions are its cultural and
educational film series on history's landmark Composers', Inventors' and
Artists', which have been broadcast in more than 50 countries. The Company
continues to expand its proprietary library of high-quality film and
television content. Among its general-audience primetime programming is the
acclaimed one-hour mystery series, "Across the River to Motor City," delivered
to broadcasters worldwide in 2007. Headquartered in Toronto, the Company's
common shares trade on the NASD OTCBB market in the U.S. under the symbol
DVNNF. The Company's corporate website is www.devine-ent.com.
For investor-specific information and resources, visit
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This press release may contain forward-looking statements relating to the
future performance of Devine Entertainment Corporation. Forward-looking
statements, specifically those concerning future performance and the
achievement of operating profitability are subject to certain risks and
uncertainties, and actual results may differ materially. These risks and
uncertainties include the market acceptance of the Company's products and
services; competition within the film and entertainment industry and the
introduction of new entrants and/or products in the Company's markets; adverse
changes in governmental regulations and policies affecting the film and
entertainment industry; product development risks and risks of technological
change; the risk of unanticipated expenses; and other risks and uncertainties
all as described in the disclosure documents filed with securities regulatory
authorities in accordance with applicable securities laws. Readers are
cautioned that the foregoing list of factors is not exhaustive. Although the
Company believes that the expectations conveyed by the forward-looking
statements are reasonable based on information available to it on the date
such forward-looking statements are made, no assurances can be given as to
future results, levels of activity and achievements. All subsequent
forward-looking statements, whether written or oral, attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. The Company assumes no obligation to
update forward-looking statements should circumstances or management's
estimates or opinions change.
For further information:
For further information: Devine Entertainment Corporation, Arnold
Tenney, Richard Mozer, (416) 364-2282, Toll-free: 1-877-338-4633,
email@example.com; or Trilogy Capital Partners, Financial Communications:
Ryon Harms, Toll-free: 1-800-592-6067, firstname.lastname@example.org